labor management environment
TRANSCRIPT
Labor
Management
Environment
A presentation by -
Ishita Shah (A003)
What is a Union ?
Who are the stakeholders involved?
Why do employees “Unionize” ?
Higher wages & benefits
Greater Job
Security
Influence over work
rulesCompulsory membership
Dissatisfaction with
Management
How labor relations have evolved in India?
• Most rigid labor law country• 487 million workers
What is the need to have labor laws?
• Man-days lost due to strikes & lockout
• Child Labor• Migrant Workers – 30 million• Forced Labor• Political Disturbances
Hence,
What is a Union ?
“Collective bargaining”
How
Collective Bargaining : Process
How
Collective Bargaining : Possible Outcomes
Implications for Managers• Halts in Production
• Lost efficiency of Managers • Wastage of time and resources in
Labor disputes
Implications for Managers• Challenge to corporate objectives and commitments
of product delivery • Loss of FDI for domestic managers
Thank you…